Axiscades Technologies Limited announced at the board meeting held on November 9, 2021 that the company approved appointment of Arun Krishnamurthi, as the Chief Executive Officer of the Company for a period of five years with effect from the start of business hours on November 22, 2021. Mr. Arun Krishnamurthi with about 29 years of experience has managed large P&L across Europe, US & Australia. In his previous stints with Wipro and Tata technologies he was responsible for managing business in excess of USD 450 million. To bring in specific focus and to grow & develop the defence business, Mr. Sharadhi Babu, who was appointed Interim CEO and Executive Director of the Company, will move to Company's wholly owned subsidiary, AXISCADES Aerospace & Technologies Limited. Mr. Babu will continue as Non- Executive Director on the Board of AXISCADES Technologies Ltd. with effect from the start of business hours on November 22, 2021.